El Segundo, Calif.-based Stamps.com Inc. is delivering its largest deal since 2000, agreeing to buy the Endicia business from Newell Rubbermaid Inc. for $215 million in cash. The deal, subject to clearance by the Hart-Scott-Rodino Act, gives the company a major footprint in the high-volume shipping category. Stamps.com will now be comprised of two of the three USPS-approved vendors for reselling postal services, which among other things, increases is the likelihood the company could be headed toward a sale in the next few years. Rival Pitney Bowes Inc. could be among those to circle Stamps.com, in addition to private equity.
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